Reportlinker.com announces that a new market research report is available in its catalogue: World Roofing industry (http://www.reportlinker.com/p0239906/World-Roofing-industry.html)
Global demand to increase 3.1% annually through 2014
Global demand for roofing materials is projected to grow 3.1 percent annually through 2014 to 11.1 billion square meters, a noticeable improvement from the market gains registered during the recession-impacted 2004-2009 period. Product sales will expand at a faster pace in dollar terms, increasing 4.5 percent per year to $78.6 billion in 2014 due to an expected increase in average roofing prices. Market advances will be driven by an acceleration in residential building construction activity, supported by both a rebound in spending in large developed world countries such as Japan and the US, and healthy sales environments in a number of industrializing nations, including China and India. China alone will account for 35 percent of all additional demand through 2014, strengthening its position as the largest roofing market in area terms in the world. Growth is also expected to be healthy in lower-volume markets like Turkey, India, Pakistan and Nigeria. The sales outlook for Eastern Europe is somewhat uneven, with some countries (such as Hungary and Ukraine) expected to register above average market gains, while roofing demand will expand at a subpar rate in others (like Poland and Russia). Nevertheless, a substantial share of the residential building stock in the region remains in need of repair or replacement, which will provide some impetus to future sales increases. Although advances will generally be not as strong as in developing nations, roofing demand in developed parts of the world will climb as well, fueled by renewed strength in new housing construction expenditures. In a few industrialized countries, most notably Spain, the pace of growth through 2014 will be similar to gains recorded in developing areas, reflecting an upturn in building construction after recent declines.
Concrete roofing tiles to be fastest growing product
Concrete roofing tiles will post the fastest market increases of any major product type through 2014, stimulated by above average growth in building construction activity in developing Asian nations, where concrete tile accounts for the largest single share of roofing sales, and supported by rising standards of living in these areas, which are making concrete products more affordable to potential buyers. Asphalt shingles and plates and modified bitumen roofing will also exhibit good growth. Suppliers of asphalt shingles and plates will benefit from renewed strength in new single-family housing construction in the US and Canada, with competitive inroads against other steep-slope roofing materials in the smaller but fast-growing Chinese market also boosting overall product demand. Sales of modified bitumen roofing will be spurred by further competitive inroads in markets now served by built-up and roll roofing, aided by new product introductions.
New residential roofing to register strongest gains
The residential reroofing market is the largest on a worldwide basis, accounting for 37 percent of all product sales in 2009. However, new residential construction roofing demand will register the strongest gains through 2014, bolstered by a rebound in new housing starts in the US, Japan and other developed countries. Use of roofing materials in new nonresidential buildings and additions will also expand at an above-average pace, driven by an acceleration in manufacturing production growth as the global economic environment improves.
Study coverage
This new study presents historical demand data for 1999, 2004 and 2009, plus forecasts for 2014 and 2019 by product, market, world region and for 30 countries. The study also considers market environment factors, reviews the industry structure, evaluates company market share and profiles 38 global competitors.
Source: http://www.reportlinker.com/